This week Chris and I discuss about startup game plan. It is not a 20 pages kind of business plan but rather a single page plan that sets the direction and vision of the company. This game plan we believe is the building block of building a company.
You may have a great idea but with execution done wrong. Everything would go to waste.
But can a game plan guarantee the success of your startup? The answer is no but it can certainly help you is building your roadmap.
What are the things needed in a game plan?
Vision: To be the largest social network for pets?
Financial Projections: To prepare for 18 months or have a 5 year plan?
Goals: Different goals at different stages?
Resources: Your team? money? and connections?
Time frames: Build a company to sell, exit in 3 years? or to build a one hundred years company like Evernote?
Stages of a Start up: Product building stage? Sales stage? or Growth stage? Different tasks at different stages